PS3 Helps Sony Game Unit Sales31 Jan, 2008 By: Chris Tribbey
It took a year and a half, but the PlayStation 3 is finally proving to be a boon for Sony's gaming unit.
In a third quarter earnings announcement Jan. 31, the Tokyo-based company announced net income of 200.2 billion yen ($1.75 billion) for the quarter, a 25% jump over the same period last year.
The PS3, the No. 1 selling Blu-ray player worldwide, helped contribute to a more than 31% jump in sales for Sony's gaming segment, compared to the same period last year.
“This improvement was primarily due to a significant decrease in the operating losses of the PS3 business as a result of successful PS3 hardware cost reductions,” the company said in a statement. It reported it sold 4.9 million PS3s during the October-December period, an increase of 3.24 million units compared to its 2006 third quarter.
Sales of electronics were up more than 10% over the same period last year (to $18.1 million), which Sony contributed in part to sales of its Bravia line of LCD HDTVs.
“There was an increase in sales of products, including Bravia LCD televisions and VAIO PCs, both of which experienced higher sales in all regions,” the company said.